https://www.taxtmi.com/article/detailed?id=1686 Budget 2012 amends withholding and collection rules: nonresident entertainers are taxed under Section 115BBA with higher TDS; thresholds for TDS non deduction on debenture interest and compulsory acquisition compensation are increased; company payments to directors fall under Section 194J. New Section 194LAA mandates TDS on acquisition of specified immovable property based on higher of consideration or stamp value and conditions registration on proof of deduction. Section 194LC and amended Section 115A provide concessional taxation and TDS on specified foreign currency interest. Section 195, 197A, 201, 204 and 206C are amended to adjust obligations, retrospective application, payer relief, responsible payer identification, and TCS on minerals and bullion. en-us Sun, 01 Apr 2012 08:24:07 +0530 Sun, 01 Apr 2012 08:24:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1686 Budget 2012 amends withholding and collection rules: nonresident entertainers are taxed under Section 115BBA with higher TDS; thresholds for TDS non deduction on debenture interest and compulsory acquisition compensation are increased; company payments to directors fall under Section 194J. New Section 194LAA mandates TDS on acquisition of specified immovable property based on higher of consideration or stamp value and conditions registration on proof of deduction. Section 194LC and amended Section 115A provide concessional taxation and TDS on specified foreign currency interest. Section 195, 197A, 201, 204 and 206C are amended to adjust obligations, retrospective application, payer relief, responsible payer identification, and TCS on minerals and bullion. Articles Income Tax Sun, 01 Apr 2012 08:24:07 +0530 https://www.taxtmi.com/article/detailed?id=1686